Sai Wan Ho Kar Hei Wan 3-Bed Suite Leased at HK$55K Monthly, 5.6% Yield
SingTao · 1 SOURCESabout 1 hour ago2 MIN
Summary
A mid-to-low floor three-bedroom suite with maid's room at Kar Hei Wan in Sai Wan Ho has been leased for HK$55,000 per month after price negotiations. The 942-square-foot unit attracted a family tenant and was leased quickly due to its spacious and practical layout. The landlord purchased the property in 2008 for approximately HK$11.8 million, generating a rental yield of about 5.6 percent. Meanwhile, a two-bedroom unit at Vertex Gardens in Cheung Sha Wan was leased at HK$21,500 per month, yielding an impressive 8.6 percent return.
Key Points
- The leased unit is Unit D on mid-to-low floor of Tower 3 at Kar Hei Wan, measuring 942 square feet with three bedrooms, ensuite bathroom, and maid's room
- Monthly rent settled at HK$55,000 after negotiation from the original asking price of HK$57,000, translating to HK$58 per square foot
- The property was acquired by the landlord in 2008 for approximately HK$11.8 million, producing a rental yield of roughly 5.6 percent
- A two-bedroom unit at Vertex Gardens in Cheung Sha Wan was leased for HK$21,500 monthly, yielding 8.6 percent based on the 2009 purchase price of HK$2.99 million
- Agents report limited rental inventory in Vertex Gardens, with the transaction price close to market rates
Why It Matters
The rental yields reported demonstrate resilient demand for quality residential properties in Hong Kong's secondary market, with family tenants willing to pay premium rents for well-designed layouts . The contrasting yields between Kar Hei Wan and Vertex Gardens highlight how purchase timing and property location significantly impact investment returns in the rental market .
The rental yields reported demonstrate resilient demand for quality residential properties in Hong Kong's secondary market, with family tenants willing to pay premium rents for well-designed layouts . The contrasting yields between Kar Hei Wan and Vertex Gardens highlight how purchase timing and property location significantly impact investment returns in the rental market .